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To: Oeconomicus who wrote (159970)2/13/2004 8:00:15 PM
From: Lizzie Tudor  Read Replies (2) | Respond to of 164684
 
Join Dizzie in a remedial economics class, then.

The Bush economic record:
- 521 billion deficit from a surplus just 3 years ago
- almost 3 million jobs lost
- widening wage gap in the USA for the first time in 10 years
- 489 billion trade deficit, the HIGHEST EVER
- claims that productivity caused loss of jobs, when the reality is that more employees hired in india/china than any other recovery period by US corps
- no capex recovery (because no US job growth), capex tech companies trying to switch to "consumer" all at once
- dollar crashing against most foreign currencies, more losses to come- (my guess 1.3 dollar/euro coming)
- Bush team unable to negotiate Yuan float despite huge trade deficit with China- in other words US manufacturers can "eat cake"
- White House economic team constantly claiming things are "great"

I don't know how this disaster happened these past 3 years but whoever is in charge needs to be fired (and likely will be, soon)

The future of the GOP -->
seattlepi.nwsource.com



To: Oeconomicus who wrote (159970)2/13/2004 10:01:39 PM
From: Alomex  Read Replies (1) | Respond to of 164684
 
So, you think high taxes is the way to battle a market collapse and recession?

No, do you?

Bush did not propose lower taxes to all. He proposed tax breaks for Halliburton and the rest of his billionaire buddies.

Halliburton is the same group of people who were not content with a multibillion dollar contract to rebuild Iraq. That wasn't enough. They had to take it a step further and overcharge the government for oil and food for the army.

Who do you think pays for that? Bush's buddies, or poor working stiffs like you and me?

But heck go ahead and vote for him, if that is what you want.